As Paramount Global prepares to report quarterly earnings Thursday, with CEO Bob Bakish presiding and Shari Redstone happily ensconced as non-executive chair, a new book is bringing forth some interesting revelations about the company’s tortuous journey
'Dungeons & Dragons' John Francis Daley & Jonathan Goldstein's GoldDay Inks First Look With Paramount Pictures
A geriatric Sumner Redstone trying to steal his grandson Brandon Korff’s dates, including once at the MTV Video Music Awards, is also icky — and fateful. It led Korff to hire matchmaker Patti Stanger to find his grandfather a companion. That match turned out to be Sydney Holland, who, with another Sumner girlfriend, Manuel Herzer, wound up with a combined $150 million of the mogul’s wealth before eventually being exiled.
Corporate governance issues lurk. As Sumner Redstone’s dementia and disability set in, it takes the board years to finally yank his rich annual salary as chairman when he’s unable to work. Close to the 200-page mark, the patriarch disappears from the narrative and the corporate story really gets under way with a battle for control of the companies and the unraveling of Moonves.
By now Moonves must have been far beyond his third vodka of the evening. In his last text of the day, toSchwartz at 10:36 p.m., he was all but incoherent: “We need to lay their clowns think early on we are no hardship Barr no and will ill them handcuffs off. If they want to bring it n watch out. We will decimate. Old Sara we haven’t done anything but party with you. Now we will kill Scarw her big. All of them scare them. I am going to prevent this public bulls hit rightbaway.
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